Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Finnish Ixonos Company, one of the leaders on the local software market, decided to invest in Slovakia. Apart from Central European region, the company management considered also India and China as potential regions for its new investment. Ixonos Slovakia will join the group of IT companies already operating in Košice, which is an economic centre of East Slovakia. The company plans to establish its subsidiary there in which it will develop and test software for telecommunication services. Around 100 new jobs will be created there in the next three years. According to the director of Ixonos Slovakia, Mr. Roman Klimčík, the decision on Košice was done on the ground of good references about the IT business, which runs in the city. Available qualified work force and lower labour cost in the region were the most relevant factors. The range of the new investment was not yet disclosed. No state aid was provided for the company.
According to recent information Ixonos Slovakia actually created 105 new jobs by the end of September 2008.
Eurofound (2007), Ixonos Slovakia, Business expansion in Slovakia, factsheet number 65284, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65284.